Hersha Hospitality Trust (NYSE:HT) – Analysts at B. Riley lowered their Q4 2018 earnings per share (EPS) estimates for shares of Hersha Hospitality Trust in a research report issued to clients and investors on Thursday, October 25th. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings of $0.54 per share for the quarter, down from their prior forecast of $0.60. B. Riley currently has a “Hold” rating and a $19.00 target price on the stock. B. Riley also issued estimates for Hersha Hospitality Trust’s Q3 2019 earnings at $0.62 EPS.

Other research analysts have also issued reports about the company. Zacks Investment Research raised Hersha Hospitality Trust from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, August 21st. Stifel Nicolaus boosted their target price on Hersha Hospitality Trust from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Wednesday, August 29th. Deutsche Bank set a $19.00 target price on Hersha Hospitality Trust and gave the stock a “hold” rating in a report on Thursday. Finally, Robert W. Baird set a $20.00 price objective on Hersha Hospitality Trust and gave the company a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.63.

HT stock opened at $17.43 on Monday. The company has a current ratio of 0.45, a quick ratio of 0.56 and a debt-to-equity ratio of 1.09. The company has a market cap of $687.16 million, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 1.77 and a beta of 1.29. Hersha Hospitality Trust has a 1-year low of $16.60 and a 1-year high of $24.16.

Hersha Hospitality Trust (NYSE:HT) last posted its earnings results on Tuesday, October 23rd. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The company had revenue of $127.88 million during the quarter, compared to analyst estimates of $134.82 million.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Monday, October 1st were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date was Friday, September 28th. Hersha Hospitality Trust’s dividend payout ratio is 51.85%.

In other news, Director Thomas J. Hutchison III sold 5,000 shares of the company’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $22.69, for a total transaction of $113,450.00. Following the completion of the sale, the director now directly owns 85,510 shares in the company, valued at approximately $1,940,221.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Hutchison III sold 10,000 shares of the company’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $21.94, for a total value of $219,400.00. Following the sale, the director now owns 85,510 shares of the company’s stock, valued at $1,876,089.40. The disclosure for this sale can be found here. Corporate insiders own 10.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Commonwealth Bank of Australia lifted its position in shares of Hersha Hospitality Trust by 72.2% during the 2nd quarter. Commonwealth Bank of Australia now owns 7,920 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 3,320 shares during the period. Bessemer Group Inc. bought a new stake in shares of Hersha Hospitality Trust during the 2nd quarter valued at $757,000. Martingale Asset Management L P lifted its position in shares of Hersha Hospitality Trust by 1,068.2% during the 2nd quarter. Martingale Asset Management L P now owns 169,382 shares of the real estate investment trust’s stock valued at $3,634,000 after acquiring an additional 154,882 shares during the period. Chicago Equity Partners LLC bought a new stake in shares of Hersha Hospitality Trust during the 2nd quarter valued at $266,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Hersha Hospitality Trust during the 2nd quarter valued at $151,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

About Hersha Hospitality Trust

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale hotels in urban gateway markets and coastal destinations. The Company's 49 hotels totaling 7,666 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

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Earnings History and Estimates for Hersha Hospitality Trust (NYSE:HT)

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